Examlex
Define insensible perspiration.
Own Capital
The personal resources that an investor or business owner invests into a business venture.
Economic Costs
Total expenses incurred in the production of goods and services, including both explicit and implicit costs.
Own Capital
The funds or assets owned by a business or individual, invested to start or operate a business.
Long Run
A period of time in which all factors of production and costs are variable, allowing firms to adjust all inputs in response to market changes.
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